Its official. The recession's over.

We're performing well again!!!! - oh the lies they tell. Still, if you're going to tell a lie, make it a whopper. Brown and his cabinet need to come to Shrewsbury for one of their Thursday meets and find out what life is really like. I haven't done a business sale for -- oh ages. I have plenty of clients wanting to sell, only they can't - at any price. Banks won't lend on some businesses, especially pubs and restaurants. Pubs have a very big black mark. Restaurants - not likely to lend unless there's a really good trade that doesn't depend on the owner. Retail - still difficult. Industrial - forget it. Services - well maybe, depends what it is and the strength of the business plan.

I can assure you, things are not back to 'normal' - whatever that might be. Life is damn tough, it's always hard to make ends meet. This month particularly so, we still rely too much on resi (cos there is so little business work) and the snow put people off viewing, so our completions board is looking very thin. It will pick up a bit in the Spring.

But mega exciting, we're launching two new businesses, both joint ventures, in March - one is a HR/employment law consultancy (I do a huge amount of employment litigation), the other a wealth management company with a local financial advisor. We decided that buying another law practice was simply too risky, we'd inherit someone else's risk management nightmares. So instead we're looking at complementary businesses where we can make some £££ using someone else's skills. It's looking good

[anna]

It is only by 0.1p!!!! Wait until they stop the quantitative easing!

Hope the new business ideas work out well for you.

[5hort5]

Nice one Ed, sounds like a good plan and it all helps the economy, I hope it goes well for you, personally though I have noticed my shopping bill week on week is more and apart from that I haven't noticed a difference in recent months.

ed is that like when that nice man bush sat on a aircraft carrier 10 mile away and told us the war was over WHILE we were getting mortered, maybe it just takes 12 months to filter down to grass roots level or is that just the time it takes for their lies to actually come true

[Richie]

********... it's still hard times up north...

[Stu]

Originally Posted by Ed

Its official. The recession's over.

Gee's a job

[Bibio]

bo11ox......

what do you expect at 0.1???

[Bri w]

Originally Posted by Richie

********... it's still hard times up north...

By 'eck lad its cold as well.

Wonder what the figures would be like if they scrapped the car scrappage scheme?

I did get a sneaky feeling that they are trying to kickstart a Placebo effect!